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Re: webpence post# 135617

Wednesday, 10/30/2013 1:48:27 AM

Wednesday, October 30, 2013 1:48:27 AM

Post# of 165856
The going market rate for Niobium Oxide the last time I looked (2012-12-31) was $64/kg. According to Scott it's feasible to mine at $5/lb ($11/kg). Then if you take into consideration all the other valuable elements that are present it's a no brainer.

There is a limited supply of Uranium, once the supply from decommissioned nuclear bombs runs out the price of Uranium will dramatically increase.

Thorium has a half-life of 14.05 billion years, so you can sit in a bathtub full of the stuff without getting toasted. This stuff will eventually replace Uranium as a fuel for nuclear reactors. Look up Liquid Fluoride Thorium Reactors. These reactors are very safe and will produce power cheaper than coal.